An anonymous reader quote USA Today:
Ford Motor is betting $1 billion on the world’s self-driving car future. The Detroit automaker announced Friday that it would allocate that sum over five years to a new autonomous car startup called Argo AI, which is headquartered in Pittsburgh, Pa., and will have offices in Michigan and California. Ford’s financial outlay is part of a continuing investment strategy anchored to transforming the car and truck seller into a mobility company with a hand in ride-hailing, ride-sharing and even bicycle rentals.

Lucas123 writes:

Argo AI founders CEO Bryan Salesky, and COO Peter Rander are alumni of Carnegie Mellon National Robotics Engineering Center and former leaders on the self-driving car teams of Google and Uber, respectively. Argo AI’s team will include roboticists and engineers from inside and outside of Ford working to develop a new software platform for Ford’s fully autonomous vehicle, expected in 2021. Ford said it could also license the software to other carmakers.

Read more of this story at Slashdot.

Source: Slashdot – Ford Just Invested Billion In Self-Driving Cars